With rising fortunes, compensation also up at Plug Power

Plug Power’s board of directors increased the compensation of its top executives in 2013.

CEO Andy Marsh’s total compensation rose to $752,683 last year from $458,000 in 2012, although it is still lower than in 2011 when the board awarded Marsh $1.25 million in total compensation.

Of Marsh’s total compensation, $450,000 is in the form of salary, while $135,667 is in stock awards. Another $58,000 is in the form of stock options, while $93,750 is considered his bonus for the year.

Another $15,266 is other types of compensation.

Plug Power revealed the compensation information in proxy voting materials sent to shareholders. The company is holding its annual meeting July 23 in New York City.